Breitbart Business Digest: There’s Still a Big Hidden Force for High Inflation in the Economy

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

all tend to end the same way. The murderous psycho has seemingly been vanquished. The protagonists finally can breathe a sigh of relief in a moment of calm. Suddenly, the killer bursts into the scene, showing he’s still viable enough to make a final homicidal plunge.built up during the pandemic period. For around 18 months, from the the onset of the lockdowns and attendant economic recession in March 2020 through August of 2021, households rapidly accumulated savings.

The Biden administration came to power on the false premise that the economy was in shambles. In fact, it was growing at a rapid pace even before Joe Biden took the oath of office. But instead of allowing the economy to normalize,that further pumped income into the private sector. Federal Reserve officials appear to believe that excess savings have now been depleted. According to a measure created by the San Francisco Fed,. In fact, we’ve spent more than all our excess savings, according to the San Fran Fed model.

A recent analysis from Bank of America calculated that the personal saving rate averaged 6.5 percent from 2017 to 2019. If that is used as the baseline, then there there still would be excess savings available for spending. By the Bank of America estimate, there is stillEven this might be too cautious. In the first place, even the 6.5 percent saving rate iswas elected president. Then the saving rate was typically below six percent.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 610. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breitbart Business Digest: The Housing Market Shows Interest Rates Are Too LowSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: Corporate Profits Say No to Rate CutsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: The Jobs Report Was Not as Weak as It LookedSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: The Fed Finally Realized Progress on Inflation Has StalledSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: It’s Time for the Fed to Start Talking About HikesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Breitbart Business Digest: There Are No Fed Cuts Ahead This YearSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »